NQ Bull Flags
تم تحديثه
We saw some downside in tech and elsewhere today, pretty big hit for ADBE. Usually in this market when NQ pulls back it does not last long and we end up with a series of stair steps and bull flags moving up. Took a breather today but are still riding strong momentum.
AVGO getting a big pop after hours after earnings which led to NQ gapping up above its flag, stalling at the final resistance before ATH now. If it can clear I would expect us to hit a new ATH tomorrow and probably keep going. Might be good to look for some dip buys on a retest if that's the case. Otherwise I'd look for a bounce on the retest of the flag, if no bounce there I could see a retracement back to about 21.5k happening relatively quickly.
AVGO getting a big pop after hours after earnings which led to NQ gapping up above its flag, stalling at the final resistance before ATH now. If it can clear I would expect us to hit a new ATH tomorrow and probably keep going. Might be good to look for some dip buys on a retest if that's the case. Otherwise I'd look for a bounce on the retest of the flag, if no bounce there I could see a retracement back to about 21.5k happening relatively quickly.
تم إغلاق الصفقة يدويًا
Huge move for NQ after that double breakout. Projected target based on the last flag is around 22,200, but this is good enough for me. Might look for a long on a retest of 21,820 or the previous ATH.
You reap what you sow.
Disclaimer:
The ideas I post do not always represent my positions and they are intended for educational purposes. Trading is risky! Most traders lose money.
Disclaimer:
The ideas I post do not always represent my positions and they are intended for educational purposes. Trading is risky! Most traders lose money.
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